MicroStrategy is holding on desperately, trying to defend the cost basis of 76,000! BTC dropped to around 73,000 and was forcibly pushed back up to around 76,000. Originally, BTC was rapidly falling to 70,000, then quickly rebounded, but now it has turned into a sideways decline, with slow losses and a dull knife cutting through meat. The mid-term trend remains downward. I don’t know what will happen to MicroStrategy if BTC breaks below 70,000 on the way to 60,000, but no break, no breakthrough; the sooner it breaks, the sooner it sacrifices!
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MicroStrategy is holding on desperately, trying to defend the cost basis of 76,000! BTC dropped to around 73,000 and was forcibly pushed back up to around 76,000. Originally, BTC was rapidly falling to 70,000, then quickly rebounded, but now it has turned into a sideways decline, with slow losses and a dull knife cutting through meat. The mid-term trend remains downward. I don’t know what will happen to MicroStrategy if BTC breaks below 70,000 on the way to 60,000, but no break, no breakthrough; the sooner it breaks, the sooner it sacrifices!